BERLIN, May 24- Strong private consumption and higher construction investment drove a 0.7 percent rise in German gross domestic product in the first quarter, more than offsetting the effects of weaker foreign trade, data showed on Tuesday. The German government's increased spending on refugees and the European Central Bank's ultra-low interest rates were... » Read More
BIRMINGHAM, Ala.-- Regions Financial Corp. on Tuesday posted sharply higher third-quarter earnings, as the regional bank set aside less cash to cover loan losses. Regions reported net income of $301 million, or 21 cents per share, for the three months ended Sept. 30.
BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."
BOTHELL, Wash.-- Seattle Genetics Inc. said Tuesday that pharmaceutical giant Abbott Laboratories has agreed to pay $25 million plus potential milestone payments for the biotech firm's experimental antibodies to fight cancer.
Boeing fell$. 69 or. 9 percent, to $73.01. Lockheed Martin Corp. fell $1.16 or 1.3 percent, to $91.61. Northrop Grumman Corp. fell$. 82 or 1.2 percent, to $69.38.
Baxter International Inc. fell$. 82 or 1.3 percent, to $61.16. Bristol-Myers Squibb Co. fell$. 68 or 2.0 percent, to $33.36. Johnson& Johnson fell$. 82 or 1.1 percent, to $70.96.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the uncertainty.
A divided Washington has done little to ease the misery. President Barack Obama wants to create jobs by keeping income taxes low for everyone but the wealthiest, and by spending more on public works as well as offering targeted tax breaks to businesses.
ROMNEY on Syria: "What I'm afraid of is we've watched over the past year or so, first the president saying, `Well, we'll let the U.N. deal with it.' And Assad _ excuse me, Kofi Annan _ came in and said we're going to try to have a cease-fire.
MILWAUKEE-- Auto parts and building equipment maker Johnson Controls Inc. said Monday that it expects to book a pretax charge between $225 million and $275 million in its fiscal fourth quarter, reflecting costs related to restructuring efforts.
UnitedHealth said its results were helped, in part, by a $390 million benefit it recorded because claims left over from earlier periods came in lower than expected, which freed up money held in reserve.
ATHENS, Greece-- Greek Prime Minister Antonis Samaras says a deputy from his center-right party who has expressed opposition to new austerity measures is no longer part of the parliamentary group and asks that he be stripped of his party membership as well.
PANAMA CITY-- Hundreds of people opposed to Panama selling state-owned land in a duty-free zone on the Panama Canal have marched through the city of Colon a day after a violent protest resulted in a death and several injuries. No violence has been reported Saturday in the Caribbean port city.
ST. PAUL, Minn.-- Target Corp. may be headquartered in Minneapolis, but that's not stopping Wal-Mart Stores Inc. from making an aggressive push in its rival's home state.
BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
TRENTON, N.J.-- The heads of the NCAA and the four major professional sports leagues will give depositions in a lawsuit that seeks to stop New Jersey from instituting sports gambling.
Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.
One of the reports adds that the Marcellus reserves that lie below parts of Pennsylvania, West Virginia, Ohio and New York are far larger than recent government estimates, while another said the powerful combination of resource, cost and location is altering natural gas prices and market trends across the nation.
SAO PAULO-- Officials say German automaker BMW AG will build a factory in southern Brazil. Raimundo Colombo says BMW will invest approximately 1 billion reals to build the plant. Colombo tells the state government's website he will meet with President Dilma Rousseff on Monday "to explain details of the investment."
TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada.
WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.